Ashok Leyland Expects Stronger Truck Sales Growth

Ashok Leyland expects medium and heavy truck sales to exceed its earlier 3–5% growth estimate, supported by GST cuts and higher infrastructure spending. Capacity utilisation is at 70–80%, Switch Mobility has turned PAT positive, new plants are coming up, defence orders are fully booked, and a major battery manufacturing investment of ₹5,000–10,000 crore is planned.